Martin F. Roper Sells 300 Shares of The Vita Coco Company, Inc. (NASDAQ:COCO) Stock

The Vita Coco Company, Inc. (NASDAQ:COCO) CEO Martin F. Roper sold 300 shares of the stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $35.05, for a total value of $10,515.00. Following the completion of the transaction, the chief executive officer now directly owns 442,152 shares of the company’s stock, valued at $15,497,427.60. This trade represents a 0.07 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Vita Coco Trading Up 0.5 %

Shares of NASDAQ COCO opened at $34.02 on Friday. The Vita Coco Company, Inc. has a twelve month low of $19.41 and a twelve month high of $36.41. The firm has a 50-day moving average of $29.72 and a two-hundred day moving average of $27.81. The company has a market capitalization of $1.93 billion, a price-to-earnings ratio of 34.36, a PEG ratio of 2.22 and a beta of 0.22.

Vita Coco (NASDAQ:COCO) last released its earnings results on Wednesday, October 30th. The company reported $0.32 EPS for the quarter, beating the consensus estimate of $0.26 by $0.06. The business had revenue of $133.00 million during the quarter, compared to analyst estimates of $138.56 million. Vita Coco had a net margin of 11.99% and a return on equity of 26.49%. The business’s quarterly revenue was down 3.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.26 earnings per share. As a group, research analysts predict that The Vita Coco Company, Inc. will post 1.07 earnings per share for the current year.

Institutional Investors Weigh In On Vita Coco

Large investors have recently modified their holdings of the stock. nVerses Capital LLC lifted its holdings in shares of Vita Coco by 271.4% during the second quarter. nVerses Capital LLC now owns 2,600 shares of the company’s stock valued at $72,000 after purchasing an additional 1,900 shares during the last quarter. CWM LLC lifted its stake in Vita Coco by 40.7% during the second quarter. CWM LLC now owns 2,720 shares of the company’s stock valued at $76,000 after buying an additional 787 shares in the last quarter. Ameritas Investment Partners Inc. increased its position in shares of Vita Coco by 32.3% in the first quarter. Ameritas Investment Partners Inc. now owns 3,760 shares of the company’s stock worth $92,000 after acquiring an additional 919 shares in the last quarter. Comerica Bank raised its holdings in shares of Vita Coco by 1,155.7% during the first quarter. Comerica Bank now owns 3,993 shares of the company’s stock valued at $98,000 after acquiring an additional 3,675 shares during the period. Finally, Quest Partners LLC boosted its stake in Vita Coco by 16,538.1% in the 3rd quarter. Quest Partners LLC now owns 3,494 shares of the company’s stock worth $99,000 after purchasing an additional 3,473 shares during the period. 88.49% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently issued reports on COCO shares. Jefferies Financial Group decreased their price target on Vita Coco from $35.00 to $31.00 and set a “buy” rating for the company in a research note on Wednesday, July 24th. Craig Hallum increased their target price on shares of Vita Coco from $33.00 to $36.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $31.00.

About Vita Coco

The Vita Coco Company, Inc develops, markets, and distributes coconut water products under the Vita Coco brand name in the United States, Canada, Europe, the Middle East, Africa, and the Asia Pacific. The company offers coconut oil and coconut milk; juice; Runa, a plant-based energy drink; packaged water under the Ever & Ever brand name; and PWR LIFT, a protein-infused fitness drink.